Insurance broker TWFG rises after prelim Q4 results

TWFG

03/03/2025 20:30

** Shares of insurance broker TWFG TWFG.O up 5.3% at $31.83

** TWFG late Friday announced Q4 prelim results, with revenue expected to be largely above Wall Street expectations

** J.P. Morgan says it was a positive initial read on Q4 growth metrics, with premiums written, revenue and contingent commissions coming in above its expectations

** TWFG expects to release final Q4 results in mid-March

** Five of nine brokerages rate the stock "buy" or higher and four "hold"; median PT is $34.50 - LSEG data

** Stock has jumped 87% since TWFG went public in July

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))